Avepoint emphasizes the partner contribution to the performance of Q1

Avepoint shared its figures in the first quarter, with the business benefiting from the ongoing customer demand for data security and resilience products.

The channel accounts for half of the security personnel income and has played an important role in supporting the company in achieving its latest figures. For the three months on March 31, sales rose by 25% to $ 93.1 million, and the gross profit rose from 54.1 mm before the second quarter to USD 69.2 million in the first quarter.

During the quarter, Avepoint completed the takeover of Ydentic with the aim of providing Managed Service Providers (MSPS) with a AI-controlled platform to manage and secure the IT environments of its customer.

MSPs were also in mind when the company updated its AVEPOPT elements, which automates the knowledge and improves efficiency for partners.

Before the second quarter, the security personnel increased the support of MSPs and informed the channel last year about its offer and its offers.

Avepoint stated that there are growth options, whereby the entire addressable market for its products and services should grow from $ 81.3 billion to $ 140 billion to 2028. The company has found that market growth leads to increased number of customers, with the user base from 17,000 in 2022 increasing to more than 25,000. EMEA accounts for 35% of the total ARR because business activities achieve the income outside of America.

In an investor presentation, the effects of AI on the threat landscape was emphasized, which forced the channel and customers to change their risk and its business processes.

In Q1, the corporate security solutions for Google also published and ensured that it has relationships with other important actors such as AWS and Microsoft.

AVEPOPT has improved onboarding by promoting partner leue and promoting success in the context of its efforts to increase indirect sales volume. Partners are aimed at small and medium -sized companies.

Investors were also reassured that the company was committed to $ 1 billion of USD 1 billion by $ 1 billion by 2029, with the partners being a critical component of this process.

Tianyi Jiang, CEO and co -founder of Avepoint, said that his figures in the first quarter “reflect our ability to efficiently address the intensifying convergence of data security, governance and resistance, with which companies are confronted today.

“Despite the fluid macroeconomic environment, companies are increasingly implementing AI-controlled data management strategies that demand platform solutions that bring about security and innovation.

“The execution of our team to start the year has steadily prompted us to become the world's leading data management software company for data management and to achieve our billion dollar arrest for 2029,” he added.

Speak to microscope Last month, Chris Shaw, Uki & Sa Country Channel Manager at AVEPOINT, emphasized how important the channel is for the company's performance. “Our partners will expand the partnerships that we promote with certain accounts. They really start to wear fruits and we do everything right,” he said.

“It is about listening to ensure that we understand how we help partners, and it supports people who want to involve us as we can help you to ensure that we can invest time, effort and a little money in people, with a plan, with structures and partnerships.

“In the end we want to do that: we want to create partnerships that benefit both sides,” he concluded.